Rank #1943
Marc Lasry
Net worth $2.2B
Hedge funds · United States
- Born
- Sep 23, 1960
- Age
- 65
- Source
- Hedge funds
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 5
- Education
- Bachelor of Arts/Science, Clark University; Doctor of Jurisprudence, New York Law School
Net worth over time
Biography
- Marc Lasry and his sister Sonia founded Avenue Capital Management in 1995 with $7 million in funding from friends and family.
- The firm manages about $13 billion in assets and focuses on distressed and undervalued securities.
- Lasry was born in Morocco and moved to the U.S. at age 7 with his family, sharing a bedroom with his 2 siblings for a decade.
- He is a major supporter of the Democratic Party, having raised funds for President Obama and candidate Hilary Clinton in the past.
- Lasry reportedly sold a 25% stake in the Milwaukee Bucks in 2023, when the team was valued at $3.5 billion.
- In 2017, his daughter Sophie married Alex Swieca, the son of a cofounder of hedge fund Highbridge Capital.
- A comic book collector, Lasry sold a Wonder Woman #1 comic at auction for a record $291,000 in 2016.